Home price growth, low mortgage rates boost MMI fund
Housing Wire
NOVEMBER 15, 2021
The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. The capital ratio of the Federal Housing Administration ’s MMI fund reached 8.03% at the end of September, an increase of 1.93 percentage points from the previous year, when it was 6.10%.
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